CHF/INR may rise 3098 - 4581 pips

Our pivot point is at 92.67.

Our preference

Rebound towards 93.35.

Alternative scenario

Below 92.67, expect 92.42 and 92.27.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92.93 and 93.01).

Supports and resistances

93.64 **

93.50 *

93.35 **

93.20

92.89 last

92.76

92.67 **

92.42 *

92.27 **

Number of asterisks represents the strength of support and resistance levels.